Botswana Life On 45 years Into legacy Creation For Tomorrow’s Generations

Botswana Life Insurance Limited (Botswana Life) is Botswana’s oldest and only home-grown life insurer. Established in 1975, Botswana Life has a proud 45-year history and is a subsidiary of the renowned Botswana Stock Exchange (BSE) listed Botswana Insurance Holdings Limited (BIHL) Group. As an icon in Botswana, Botswana Life has become synonymous with life insurance in the country and as a trusted partner to Batswana.

“W e provide financial solutions that make a positive difference in the lives of our customers and employees,” cites Mr. Gabriel Tlagae, PR, Communications and Marketing Manager for Botswana Life Insurance Limited. “We are committed to creating a world where everyone is financially secure and can live in confidence that we have them covered, and we play out part in this by providing long-term insurance solutions for individuals and groups, such as life insurance, retirement annuities and investment policies,” he adds. Botswana Life’s estimated market share of over 69% has been built over time through hard work, resilience and with a keen interest in sustainability. Botswana Life plays a strong role in driving socio-economic prosperity in Botswana. The company’s investment in Botswana’s economy over the last 45 years is proportionate with its size and success, and is demonstrated through various projects including property developments, the holding of Government and corporate bonds which exceed P5 billion. The bonds represent loans to businesses in Botswana, which are facilitating the growth of private businesses as well as job creation, infrastructure development and many other economic activities. Their Corporate Social Responsibility framework aims to align with engagements with the communities they operate in. “Working with the BIHL Trust and through in-depth research, we realign the objectives and indeed the CSR framework based on areas that need assistance within the country, as an under base, financial and risk inclusion for Botswana and Batswana always being the core,” states Tlagae

45-year history, legacy creation for tomorrow’s generations Botswana Life is proud of its heritage in Botswana and will always be a Botswana company, owned by Batswana and managed by Batswana, as it creates wealth for Batswana. That is why the company also has a strong stance on community development through its Corporate Social Investment program where it contributes 1% of its profit after tax to BIHL Trust annually, to enable these projects to be undertaken. Since inception of the Trust in 2008, Botswana Life has contributed P11.3million to the Trust to enable its mandate.

Some of the major CSI projects it has undertaken, under the banner of BIHL Trust include a P2,1 million investment in the construction of a multi-purpose hall for Gamodubu Child Care Trust; over P600,000 on the construction of a school library for Kuke Primary School; P450, 000 towards post-graduate studies for six (6) beneficiaries of the Thomas Tlou Scholarship in 2013 as well as donation of P1,2million to Maru-a-Pula School’s Orphans and Vulnerable Children program. These projects are just some of the many implemented under the CSI program since it was put in place. Botswana Life’s commitment to driving its message Botswana Life is currently running a financial advisory angled show the ‘Money Life’ which airs every Tuesday from 1330hrs1400hrs on RB2. Money Life is a platform designed to empower Batswana on insurance and financial matters in an effort to help them secure their futures.

“As a leading insurer, with a future-forward outlook, we constantly seek new and innovative ways to provide sound financial advisory that makes a meaningful difference where it matters most. Every weekly episode is built to address the needs and concerns of Batswana as they navigate through their life journeys, and this is vital especially with the economic challenges brought forth by the Covid-19 pandemic,” cites Tlagae. Our unwavering commitment to being a true partner to Batswana remains a core focus of all that we do,” he stages.